Best Buy upgraded by JP Morgan with a new price target
$BBY
Consumer Electronics/Video Chains
Consumer Discretionary
JP Morgan upgraded Best Buy from Neutral to Overweight and set a new price target of $101.00 from $89.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/30/2024 | $95.00 → $115.00 | Outperform | Telsey Advisory Group |
| 6/17/2024 | $85.00 → $106.00 | Neutral → Buy | UBS |
| 6/3/2024 | $67.00 → $100.00 | Sell → Buy | Citigroup |
| 5/23/2024 | $95.00 | Outperform → Market Perform | Telsey Advisory Group |
| 4/8/2024 | $95.00 → $94.00 | Buy | Jefferies |
| 3/22/2024 | $89.00 → $101.00 | Neutral → Overweight | JP Morgan |
| 3/20/2024 | $85.00 → $95.00 | Market Perform → Outperform | Telsey Advisory Group |
| 3/1/2024 | $75.00 → $85.00 | Market Perform | Telsey Advisory Group |
Retailer shares first look at what's coming ahead of holiday, including a packed calendar of sales, an exciting lineup of the hottest tech and even more ways to shop and discover The official start of fall may still be days away, but for those ready to get the holiday season started, Best Buy is sharing a first look at how customers can get a jump start on the season—including big savings and tons of ways to discover the magic that tech can unlock this holiday. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240916553217/en/Best Buy's countdown to the holiday season begins (Graphic: Business Wire) Save the dates The savings kick
Converting to Sealed Air helps company use more recycled content in packaging materials CHARLOTTE, N.C., Sept. 4, 2024 /PRNewswire/ -- Sealed Air (NYSE:SEE) is helping Best Buy (NYSE:BBY) through the introduction of packaging solutions that allow the company to use more recycled packaging content for shipping Best Buy products to consumers across North America. Best Buy, the electronics, computer, appliances and technology product retailer, is taking meaningful action by using packaging that not only preserves the value of their products, but also supports the circular economy through use of packaging containing recycled content.
The Board of Directors of Best Buy Co., Inc. (NYSE:BBY) has authorized the payment of a regular quarterly cash dividend of $0.94 per common share. The quarterly dividend is payable on October 10, 2024, to shareholders of record as of the close of business on September 19, 2024. The company had 215,052,984 shares of common stock issued and outstanding as of August 3, 2024. View source version on businesswire.com: https://www.businesswire.com/news/home/20240829377236/en/
Telsey Advisory Group reiterated coverage of Best Buy with a rating of Outperform and set a new price target of $115.00 from $95.00 previously
UBS upgraded Best Buy from Neutral to Buy and set a new price target of $106.00 from $85.00 previously
Citigroup upgraded Best Buy from Sell to Buy and set a new price target of $100.00 from $67.00 previously
Collaboration Aims to Drive Sustainability and Inspire the Next Generation of Innovators NEW YORK, April 8, 2024 /PRNewswire/ -- In an exciting new activation, Microsoft, Junk Kouture, and Best Buy have joined forces in driving eco-conscious habits, responsibly recycling old electronics, and a shared commitment to sustainability. The trio are amplifying and empowering the voices of New York's young creatives, offering them a platform to inspire nationwide recycling efforts, drive change in support of a brighter future, powered by the versatility of the Microsoft Surface Pro 9. The quest begins with high school students participating in the Junk Kouture program,
Best Buy Co., Inc. (NYSE:BBY) announced today that current Board Chairman, J. Patrick Doyle, will retire from his position, effective as of the expiration of his annual term on June 12, 2024. Doyle has served on Best Buy's Board of Directors since 2014 and has been chairman since 2020. David Kenny will succeed Doyle and will take on the chairman role, effective as of Doyle's retirement. Kenny is the executive chairman of Nielsen and has been on the Best Buy Board since 2013. For more than 10 years, Kenny has been an integral member of the Board and has provided thoughtful guidance that has contributed to the growth of Best Buy. "It's been an honor to serve as chairman on the Best Buy Bo
Best Buy Canada and Bell to operate 165 small-format consumer electronics retail stores across Canada, branded Best Buy ExpressBest Buy Express stores to offer leading consumer electronics from Best Buy and wireline and wireless services from Bell, Virgin Plus and Lucky MobileMONTRÉAL and VANCOUVER, BC, Jan. 18, 2024 /PRNewswire/ - Best Buy Canada and Bell Canada (TSX:BCE) (NYSE:BCE) have entered into a strategic partnership to operate 165 consumer electronics retail stores in Canada. The Source, a wholly owned subsidiary of Bell, will be rebranded as Best Buy Express and offer the latest in consumer electronics from Best Buy along with exclusive telecommunications services from Bell.
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The Nasdaq 100 closed higher by around 300 points during Monday's session. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision. Below is a look at a few recent notable insider sales. For more, check out Benzinga’s insider transactions platform. Best Buy The Trade: Best Buy Co., Inc. (NYSE:BBY) Richard M Schulze sold a total of 1,600,000 shares at an ave
Today, we're excited to share some changes that are coming - to our brand and the personalized experiences we're creating for our customers. We recently rolled out a host of new features on the Best Buy® app designed to give our customers a personalized shopping experience that's as unique as they are. This includes a new personalized home page, a Discover tab where customers can explore new tech, a Shop with Videos experience with personalized video content, personalized push notifications, a new Digital Wallet payment and rewards experience and much more. And just in time for the back-to-school season, we're helping customers find the right tech at the right price point. Customers can n
The Nasdaq 100 closed higher by more than 1% on Wednesday. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision. Below is a look at a few recent notable insider sales. For more, check out Benzinga’s insider transactions platform. Best Buy The Trade: Best Buy Co., Inc. (NYSE:BBY) SEVP Cust. Offerings & Fulfill Jason J Bonfig sold a total of 3,500 shares a
The Board of Directors of Best Buy Co., Inc. (NYSE:BBY) has authorized the payment of a regular quarterly cash dividend of $0.94 per common share. The quarterly dividend is payable on October 10, 2024, to shareholders of record as of the close of business on September 19, 2024. The company had 215,052,984 shares of common stock issued and outstanding as of August 3, 2024. View source version on businesswire.com: https://www.businesswire.com/news/home/20240829377236/en/
Comparable Sales Declined 2.3% GAAP Diluted EPS Increased 7% to $1.34 Non-GAAP Diluted EPS Increased 10% to $1.34 Raises FY25 Non-GAAP Diluted EPS Guidance Range to $6.10 to $6.35 Best Buy Co., Inc. (NYSE:BBY) today announced results for the 13-week second quarter ended August 3, 2024 ("Q2 FY25"), as compared to the 13-week second quarter ended July 29, 2023 ("Q2 FY24"). Q2 FY25 Q2 FY24 Revenue ($ in millions) Enterprise $ 9,288 $ 9,583 Domestic segment $ 8,623 $ 8,890 International
The Board of Directors of Best Buy Co., Inc. (NYSE:BBY) has authorized the payment of a regular quarterly cash dividend of $0.94 per common share. The quarterly dividend is payable on July 11, 2024, to shareholders of record as of the close of business on June 20, 2024. The company had 216,120,730 shares of common stock issued and outstanding as of May 4, 2024. View source version on businesswire.com: https://www.businesswire.com/news/home/20240530171021/en/
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